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Can Facebook Monopolize the Metaverse?
monopoly
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Facebook is now called Meta, it's not a social media company, it's a metaverse company
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Mark Zuckerberg used a "copy-acquire-kill" strategy to buy startups like Instagram and WhatsApp
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Metaverse is a virtual space where people wearing AR/VR headsets can interact with each other's avatars
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Meta's VR headsets account for an estimated 75 percent of AR/VR headset shipments in the first quarter of 2021
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The company is using "its same playbook to squash potential competition" as in the past
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Market value lost more than $250 billion in one day, the largest single-day drop ever for the US
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Potential regulation of the metaverse - not social media regulation